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The concept of ‘Africa rising’ seems to be on course with the latest World Bank report on the rate of growth of the African economies.
But while in 2013 the International Monetary Fund (IMF) and the World Bank (WB) gave glowing accounts of African countries like Rwanda, Mozambique, Ethiopia and Ghana enjoying an economic boom even as European countries, Spain and Greece struggled with rising unemployment rates from poor economies, the latest World Bank report projects that Kenya will be the fastest growing economy in Sub-Saharan Africa with a steady 6.2 per cent annual growth rate, which is expected to run up to 2030. If this projection holds, it will then be in tandem with our own Vision 2030 aspirations.
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